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Originally posted by eshmun
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If Elon Musk is complaining about stock markets he really has some nerve. These markets he is complaining about have delivered him a $57 billion dollar market capitalisation based on a record second quarter 2018 loss of $718 million (doubling the loss made in the previous quarter) and after dipping into credit lines to boost end of quarter cash and to pump out more model 3s.Without the over inflated stock markets and the credit lines available due to US (and global) record government debt creation that caused a hot money low interest rate environment to exist for so long, there wouldn't even be a Tesla car company.
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Did you see the reaction to the SP of TSLA last night? Some would call it short covering while other large punters are forcing the hands of the Billionaire shorters of which there are few with your FA analysis. Isn't it surprising that for a company that never made a dime in profit could be literally at the all time high. Short covering of genuine buying has the same effect on price appreciation.
(20min delay)